Jaguars could still land Tebow

The Denver Broncos announced today that they had traded Tim Tebow to the New York Jets and it seemed like the whole Tebow to Jacksonville saga was over….not so fast.

There is apparently a loophole in the contract that would mean the New York Jets would have to pay up to $5 million to the Broncos.

According to the Denver Post, the contract says any team acquiring Tebow has to kick back $5.06375 million to the Broncos in advanced salaries from the 2012, 2013 and 2014 seasons.

This could nulify the trade, which could put Jacksonville back in the fold. Especially as the the Jaguars did contact the Broncos about a trade for Tebow; offering a 5th round draft pick, according to Tania Ganguli of the Florida-Union-Times.

The Broncos are maintaining that the trade was made in good faith and the fault is with the New York Jets for not realizing this. It’s looking like this could get ugly very quickly.